Applied Materials Sees Unusually High Options Volume (AMAT)
Applied Materials, Inc. (NASDAQ:AMAT) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 2,307 call options on the company. This is an increase of approximately 118% compared to the typical daily volume of 1,060 call options.
In other news, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Applied Materials in the third quarter valued at about $105,000. MPS Loria Financial Planners LLC bought a new stake in shares of Applied Materials in the second quarter valued at about $109,000. First Personal Financial Services boosted its position in shares of Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after acquiring an additional 1,900 shares during the period. Mosaic Family Wealth LLC boosted its position in shares of Applied Materials by 56.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock valued at $142,000 after acquiring an additional 984 shares during the period. Finally, Wunderlich Capital Managemnt boosted its position in shares of Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares during the period. 79.51% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on AMAT shares. Craig Hallum lifted their price objective on shares of Applied Materials to $60.00 and gave the company a “buy” rating in a report on Friday, August 18th. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 price objective on shares of Applied Materials in a report on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a report on Sunday, October 1st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $48.00 price objective (up from $46.00) on shares of Applied Materials in a report on Sunday, August 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $55.00 price objective on shares of Applied Materials in a report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and a consensus price target of $56.64.
Shares of Applied Materials (AMAT) opened at $56.55 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25. The stock has a market cap of $60.31 billion, a PE ratio of 18.88, a PEG ratio of 0.89 and a beta of 1.85. Applied Materials has a 52-week low of $28.02 and a 52-week high of $57.34.
Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. Applied Materials’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. sell-side analysts forecast that Applied Materials will post 3.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Applied Materials’s payout ratio is presently 14.18%.
Applied Materials Company Profile
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